FND FY25 Results Presentation

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Stock Findi Ltd (FND.ASX)
Release Time 30 May 2025, 8:55 a.m.
Price Sensitive Yes
 FND FY25 Results Presentation
Key Points
  • Achieved record performance in FY25 with revenue of $75.5M, EBITDA of $31.4M, and NPBT of $6.0M
  • Expanded ATM network to 201,000 locations across India, including new contracts with CBI, UBI, and SBI
  • Completed strategic acquisitions of TCPSL and BankIT to drive digital growth and diversification
Full Summary

Findi Ltd, one of India's largest non-bank payment companies, reported its FY25 results, which saw the company achieve record levels of performance. The financial year ended 31 March 2025 (FY25) delivered many significant milestones for Findi, fueling strong growth and continued share price appreciation. Findi now operates both digital and physical locations in every state and territory across India, with a network of 201,000 ATM and payment locations as of February 2025. Key highlights include the award of 638 additional CBI ATMs, a new contract for 900 Union Bank of India ATMs, and an additional 2,293 State Bank of India ATMs. Findi also completed the acquisitions of Tata White Label ATM business (TCPSL) and the digital financial product distribution business BankIT. The company's FY25 results saw total revenue of $75.5 million, EBITDA of $31.4 million, and NPBT of $6.0 million. Findi's cash reserves stood at $115.9 million, with net cash of $30.2 million as of 31 March 2025. The company is focused on consolidating recent acquisitions, executing its WLA and Payments Bank strategies, and pursuing targeted bolt-on expansions in preparation for TSI India's IPO.

Guidance

Findi reported FY25 revenue of $75.5 million, exceeding its guidance of $68-$70 million, and EBITDA of $31.4 million, in line with its guidance of $30-$32 million. The company also reported NPBT of $6.0 million, excluding the one-off $17.2 million finance cost associated with the Piramal CCD buyback.

Outlook

Findi is focused on consolidating recent acquisitions, executing its WLA and Payments Bank strategies, and pursuing targeted bolt-on expansions in preparation for TSI India's intended IPO on the Bombay Stock Exchange by the conclusion of CY26. The company aims to accelerate its digital transformation, enhance its solution capabilities, and transform into a full-service finance hub.